Freelancing and running a small business are two distinct ways of working – so where do you land and where do you see yourself going?
Freelancing typically refers to working as an independent contractor or self-employed individual, providing services to clients on a project-by-project basis. Freelancers often work remotely, using their own equipment and tools to complete their work. They are typically paid for the specific project they complete, rather than receiving a salary or hourly wage. Freelancers are responsible for finding and securing their own clients, managing their own finances and taxes, and providing their own equipment and workspace.
On the other hand, a small business typically refers to an enterprise that is owned and operated by one or more individuals. Small businesses often have a physical storefront or office space, and provide products or services on an ongoing basis to a consistent customer base. Small business owners are responsible for managing employees, handling finances and taxes, marketing their products or services and ensuring that the business is profitable.
Have you worked in both scenarios? Do you have a preference?